Today’s healthcare industry is presenting new challenges for providers due to the high-deductible plans that are popular with patients obtaining coverage through the State and Federal marketplaces.
Patients are now faced with an increased responsibility in healthcare costs, forcing patients to “shop” a service, which creates a need for meaningful and accessible price transparency. In turn, CMS and State governments are releasing guidelines to mandate price transparency for hospitals.
Navigating these regulations and putting them into action is a growing concern as the Jan. 1, 2021 deadline approaches. This presentation focuses on putting together the pieces of these guidelines and helping hospitals create solutions to achieve price transparency through rational pricing methodologies and easy-to-use patient cost estimates.
Our presenters will break down the CMS regulations, discuss the demand for rational pricing methodologies as a major component to transparency, and demonstrate how the solution would look to the patient.
Objectives:
- Describe powerful pricing strategies to resolve transparency concerns
- Analyze the CMS Price Transparency guidelines as they are written today
- Create actionable steps to price transparency
Meeting the challenges of pricing transparency demands a systematic approach grounded in empirical evidence and a capable staff implementing proven solutions. ParaRev can help you refine your pricing to improve revenue capture and strengthen margins while remaining competitive in your market.
Contact us today to learn more about how we can help your organization prepare for the transparency transformation ahead.